Has capitalism really been adopted by countries like China?
Three global business trends that have impacted Capitalism:
1) Technology-driven transformation
2) Reinvention of office work
3) Increased attention to social and environmental goal
Source of business value in the 20th century was access to capital.
Now different? More access to natural resources, investment in infrastructure now essential.
Providing technology to control financial & actual capital is giving countries an edge.
Water to Water technology now desalinating sea water.
Literally an ocean of opportunity to create fresh drinking water.
Air-To-Water generation has achieved the right scale, capacity, and cost.
Emerging technology converts air humidity to water.
Problem with Desalination method, reverse osmosis, is still expensive.
Requires a great deal of electricity to push water through a filter.
Costly to treat the water to kill microbes and to replace the filters.
Means gradual acceptance and utilization of new sources of water.
Vehicle Insurance rate setting now based on how you drive & behave.
Driving behavior data is being gathered directly from insured vehicles.
Age & credit scores no longer used to determine underwriting premiums
Data gathering from autonomous vehicles sensor data used to evaluate risk.
Insurers offer discount if can use & provide telematics gathered driving data.
Enables use of telematics, AI, & Machine Learning in claims processing.
Cities creating Public Safety Departments to combine all City Services.
Communities need & want protection, prevention, public safety, & policing.
There are efforts in some states & cities to defund & reduce police departments.
Meantime several cities have created combined public safety departments as solution.
Consolidating police, fire, & emergency medical services into one department–Not defunding Police.
Getting to the root of law and order by going after the cause of crime & rioting.
Things are not solid yet with solid state batteries for EVs.
Solid-state batteries promise to offer greater energy density compared to lithium batteries.
Not yet being used in the production of mass-market cars ’til at least 2023;
Companies are mostly working on the technology of solid state batteries at the cell level.
And the batteries are expected to be significantly higher priced than lithium-ion.
Ford & BMW led a $130M Series B investment round in solid-state battery startup. So this is the future.
Asset Performance Optimization tool suite for manufacturing sector now in use.
This Asset optimization software will lead to self-optimizing plants.New refineries, chemical plants, & processes designed & built from ground up.
Will use optimization tools devices such as sensors, monitors, industrial controllers, control valves.
OT Setup around the plant in order to sense, monitor and control the process.
Asset optimization software being used in capital intensive businesses including manufacturing;
Such as upstream oil and gas production, refining, chemicals, & big pharma.
The way we work and where has changed.
Pandemic has forced us in doors and in front of Keyboards.
The tendency has been to just keep working most of the time.
People have found it hard to focus on tasks & be productive during Pandemic.
What to do with, how, & when sometimes was & is disruptive & unproductive.
As people go back to the office & working at home, this is new approach to work.
Perhaps, there is a major change in way we work at home & how we now spend our time.
See Six ways to quickly adapt to the forthcoming Post Pandemic Period.
There is a limited global supply of Lithium for EV batteries.
Pent up demand for EVs caused by COVID now coming about.
Prompts more mining for lithium will be in Europe & U.S. starting to initial mine.
Presently every global operating mine is “sold out” for the future.
Trouble is much of American lithium is too expensive to pull out of the ground
Innovative Dealer Trains it own Technicians. Made them teachers.
Sought to solve dealership’s continued recruiting and turn over challenges.
Solved the problem by making Techs in-house teachers.
Program Increased the certification levels of techs in the dealership.
Core idea allows techs to teach helps bring new technicians into the business.
Built its own pipeline of highly trained technicians.
As the auto industry transitions to EVs and Self Driving, new worker skills are going to be needed.
Auto is immersed in a digital revolution.
Need for companies & dealers to transform their operations with retrained employees.
Must retrain or hire newly qualified employees in technology & automation.
Re-skilling required for jobs that face high automation potential.
How you get to a metro airport in the next 5 years is probably not going to be in your car. How do you get to the Airport in Next 3 years? Take an Air Taxi from remote lot.
Major airlines like United are planning to buy flying taxis to shuttle people off airport & to plane.
The means the cost of environmental travel to weigh heavily on consumers and the eco conscious.
Passengers will park off airport & E-air taxi to terminal and their jet fueled flight, even to & from suburban areas. .
Car Insurers can now use AI, Machine Learning, & computer vision technology.
Vehicle Accident Claims Management is changing.
Major vehicle insurance companies processing claims on Apps immediately..
USAA is example using Alphabet of major underwriter adoption.
Probably means a new & different role for human vehicle appraisers.
The impact of COVID 19 is transforming how we get work done.
Major shift from centralized home office to remote work going on;
Going to the main corporate office becoming thing of the past;
Teleworkers setting up telecommuting process & liking it.
Some new telecommuters may even leave the city altogether;
Teleworking setups mean fewer grueling commutes & time saving;
Telework is now accepted & trusted as part of work culture & society fabric
The way that vehicle insurance rates are determined & quoted is changing. Have changed?
Policy holders are allowing underwriters to track, measure, & store their driving behavior & vehicle usage.
So User Based Vehicle Insurance is growing market in risk management.
Driving data from connected cars providing actual mileage use & behavior.
This data from new financial technology is enabling insurance companies to offer lower underwriting rates.
Your driving is being watched and recorded so put away your cell phone. Watch the road.
Finding, hiring, leading, and developing people is one the leading challenges of entrepreneurs and company founders.
The skill is not only to attract but determine in a short period of time if the individual sitting in front of you is the right fit.
Many startups and high-growth companies do not have a planned, structured and methodical process for evaluating prospective talent .
Some do not even have clear objectives other than “we need bodies; get them in here and hurry.
So it critical to the success of an enterprise to have a way, means, and systems of bringing the people & their skills on board.
Here are some solid guidelines from a very successful founder-entrepreneur and university business instructor, Mike Pochan. Carnegie Mellon’s Finest.
It took vision & business acumen to see how junkyard cars were sale-able.
Willis Johnson saw a need & filled it with an e-commerce platform that made him a Billionaire.
The sale of the damaged vehicle is done entirely online by Copart. COVID has peaked revenue,
Further, some totaled vehicles become drive-able & repairable when sold overseas or other countries.
Copart did $2B in sales in 2020 from 234 lots and their stock jumped 150%,
Collaborative Research involving the combined resource of a large medical firm & a university is focused on a Genetic medicine project
that is seeks to deliver care based on genomic medicine. This emerging field is called Genetic or precision medicine.
UCLA Medical & Regeneron have set up a exome genetic sequencing reach agreement.
Will focus on sequencing a collection of blood & tissue samples as part of genotyping effort.
Regeneron has developed World’s largest genetic database so is leading the field; UCLA has its own leadership position in medical technology..
Even if you are a successful investor & innovator, other management people may not really listen to your advice and experience.
Getting people listen to you can often be challenging.
So what about the counsel in this book for directors on corporate boards?
How is being on a company management team like being on a Corporate Board?
Getting attention, inclusion, & credibility applies to company boards, management meetings, committees, & even consultants.
Rarely is the role of directors & even consultants spelled out by companies.
GM Onstar is getting into vehicle insurance underwriting.
GM knows from years of previous under writing that big challenge is to know the driver habits of the policy holder.
So is leveraging data generated by cars to re-establish its auto-insurance business.
This will provide rating data for car-insurance based remote tracking of drivers’ behavior.
So can set rates based on data that other competitors do not have.
GM or Onstar then uses this driver behavior data to set lower insurance rates.
No longer– California Here I Come. Rather many long time residents of the State of California & their companies are moving out of state.
VC and mid sized companies are moving to places considered to not have California constraints.
Texas deemed to provide new & better opportunities without the problems & “baggage” California seems to have.
An Op Ed in the WSJ prompts this digestion & discussion of California issues that is worthy of action by the state government.
Get Biden Techy. Now there is an opportunity for a Biden presidency to integrate Silicon Valley technology into administration..
Seems to be a need to examine & position anti-trust, social media, digital divide, & big tech’s size.
Domestic surveillance & misinformation are major concerns of Big tech leadership & the Biden team.
Cyber threats & attacks have alarmed system & corporate management nationally.
Major cybersecurity hubs are & have been set up to deal wth cyberthreats.
More Leadership & investment needed to protect against unauthorized access to data centers & systems.
Obstacles that are slowing action– regulations, budget growth & corporate boards.
Business & security leaders being urgently challenged to change approach.
Cybersecurity and risk aversion have become a major business decision for Corporate America
An AI Robot might be able to do your job but you can be in control.
The Work Robot will still be controlled by skilled humanoids who trained the learned robots.
Combined impact of COVID 19, Robotics, knowledge workers at home, & telepresence to change how work is done,
Telepresence will enable service sectors jobs to be transitioned to trained AI Robots using new technology
We have got to know the surface conditions and traffic volume on city streets.
There is an obvious if not overwhelming need to monitor street & road condition and maintenance needs
Ultimately, good road surface can increase traffic flow in cities.
Road evaluation & Process can provide technology & process now available.
Surface DNA from Tactile Mobility looks for characteristics of a road or street.
Such as roadway grades, banking, curvature, & mapping of hazards (potholes)
From this data and analysis cities can begin to solve the present traffic congestion & loss of productivity
What Color is Your Hydrogen Fuel?
Green hydrogen advocates say is a clean strategic fuel for everyone.
Produced from zero-carbon energy resources.
Just as fuels from solar, wind, hydro power, biomass, biogas or municipal waste.
Not all are believers. Some challenge Hydro Power is worse than fossil fuel because of water storage.
Vast majority of industrial hydrogen is currently produced from natural gas.
Producing hydrogen also referred to as brown or grey or even blue hydrogen.